"THE AMERICAN ELECTIONS, AN OPPORTUNITY FOR EUROPE"
[December 2024]
The US presidential elections represent a unique opportunity for Europe to assert its role on the international stage and redefine its relationship with the United States. The results of these elections have a profound impact on global geopolitical balances, and Europe has every interest in adapting quickly to take advantage of them.
Two major events in recent months are already shaping the outlook for 2025:
- Awareness following Mario Draghi's report on EU competitiveness.
- The reaction following the election of Donald Trump.
Mario Draghi's report and strategy for the future:
In his September 2024 report, Mario Draghi proposes structural reforms and strategic investments to strengthen the EU's competitiveness.
These recommendations were reinforced by an EC expert group that advocates the creation of a European Technology and Industrial Competitiveness Council (ETIC2), designed to strengthen collaboration in the next European research and innovation framework and which would make funding more attractive for businesses and stimulate innovation. Note that a significant increase in budgets for FP10 is planned, which would become an opportunity for Europe.
A strengthened financing system for 2025:
The decisions to be made should benefit businesses through simplified and expanded financing mechanisms focused on research and innovation. Among the major strategic areas under consideration:
- Consolidation of strategic autonomy
- Boosting innovation and competitiveness
- Diversification of international partnerships
Research and innovation, drivers of the next decade and opportunities for Europe:
President Ursula von der Leyen has already emphasized that research and innovation must become the heart of the European economy for the 2024-2029 term. This ambition, supported by the proposed reforms, could mark a strategic turning point for Europe, enabling it to address global challenges while asserting its place on the international stage, to the greater benefit of our businesses.
Additional opportunities:
Europe should use the US elections as an opportunity to assess its own strengths and weaknesses. The COVID-19 pandemic and the energy crisis following the war in Ukraine have highlighted Europe's opportunity to diversify its partnerships and build economic resilience. In this context, an America aligned with European priorities could strengthen the overall impact of common policies.
On the trade front, the US elections represent an opportunity for Europe to renegotiate certain agreements. Europe must be proactive, ready to take initiatives, whether in terms of security or leadership in key areas such as digital technology, artificial intelligence, or quantum computing. In a multipolar world, the US elections are not just a domestic event for the United States, but an opportunity for Europe to assert its role and influence the direction transatlantic cooperation will take.
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